More of the same, congratulations.

1. Government stimulus monies are going to SOE's and not the private sector.  And FDI is down too.  Way down.  Which means even less for the private sector.2. "Counterfeiting is illegal" is just not understood here--you've been warned (again).  Best line: "But some doubt much will change until China graduates from manufacturing goods to designing them, and has more to lose than gain [by enforcing copyright laws now]."3. The Yuan is set to be the new world standard?  How does that jive with the facts that it's manipulated by a very non-transparent regulatory system with a non-competitive, over regulated and insolvent national banking system and most of the currency reserves are soon to be worthless as the US dollar inflates?   Does this make sense to anyone?4. And finally, local gov does well.  Governor Huntsman of Utah will be the next Ambassador to China.  Should be good for UT; and his Chinese is very good.  He was the ambassador to Singapore in the 80's and he's an up and coming Republican (RINO, actually) so Obama picking him is shrewd politically.  Here's more:  Politico, Fallows, Roll Call and The AP.  My wife and I spoke with him at a dinner a couple of years ago.  Maybe now my in-laws can get a visa to go on summer holiday to Salt Lake City.